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Project IT Solutions represents a highly profitable IT consulting firm that has experienced rapid growth through its recurring customer base.

IT Solutions provides a broad range of IT services to clients in the legal, insurance, hi-tech, and manufacturing logistics industries

Based in Pennsylvania with a secondary office in India
60+ associates
IT Solutions is benefiting from the current work-from-home movement
Typical projects can vary from specialized & industry leading product implementation (Guidewire, 4SightBI, Etc.) technology transformation services, to SMAC stack (Social, Mobile, Analytics, Cloud) implementation and Application Development & Testing (Microsoft, Java, Open Source)

In 2018 management began to position the business for a potential economic downturn by optimizing US operations and further developing its offshore delivery center in India

IT solutions has the infrastructure in place to expand its client base through a recession while maintaining strong profitability

Since entering the US market in 2015, IT Solutions grew revenue from $425 thousand to $6.08 million in 2019

2019 adjusted EBITDA of $1.77 million

IT Solutions is expecting no impact from COVID-19 in terms of earnings with 2020 adjusted EBITDA expected to be approximately $1.70M

IT Solutions is seeking a financial or strategic buyer to facilitate a complete sale as the owners look to pursue an unrelated software development project

The current owners would plan to stay involved for a suitable transition period for a new owner

The acquisition opportunity offers the following benefits:
Buyer can acquire an established, growing, profitable business with capacity for continued growth
Scalable business model
Highly profitable and loyal customer base
Highly trained and engaged technical workforce

Pre-approved for SBA financing

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